Cade

The company wants to review the terms of the 2019 commitment to desist from certain practices

Antitrust council condemns 26 companies and 16 individuals in the distribution and resale market

If approved, the transaction will result in the consolidation of Ipiranga's control over the asset

If exercised, the acquisition will initiate contracts worth US$ 2 billion for 20 years

Company had requested an additional deadline of November 30

The process will be mediated by an Agreement to resolve potential issues identified in concentration acts.

But the watchdog agency sets control measures

Eight transmission SPEs will have their stock control divided

Demands an administrative proceeding into alleged Petrobras price discrimination scheme

Company acquires 50% of the joint-venture with BP in the largest independent ethanol terminal in the country

Company to work with CADE to find a solution

Technical Note also recommended that the other commitments determined by the Gas TCC remain as per the original document